Subscription Billing Management Market Hits Milestone - Projected at USD 23.79 Billion By 2032 with a Striking 16.10% CAGR

𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐁𝐢𝐥𝐥𝐢𝐧𝐠 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The increased need for the upgradation of legacy systems and the demand for adhering to compliances are the major trends driving market expansion. By component analysis, the software segment accounted for the largest market share. By region, North America dominated the global market in 2022.

𝐊𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬

• The global subscription billing management market size and share was valued at USD 6.24 billion in 2023 and is expected to grow to USD 23.79 billion by 2032.
• The market is anticipated to exhibit a CAGR of 16.10% during the forecast period from 2024 to 2032.
• The industry is primarily segmented based on component, deployment, enterprise size, end-use, and region.
• The major regions covered in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/subscription-billing-management-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Subscription billing management refers to the method of managing the subscription lifecycle of customers and ensuring that their experience with the service or product is a good one. It encompasses several customer lifecycle operations, such as assigning credits, issuing refunds and managing trials. With subscription billing management, it becomes easy for businesses to keep track of the customers and process payments and cancellations. Also, it helps trigger payment failures and sends invoices at the right time. Subscription billing management solutions, which may be deployed on cloud or on-premise, find end uses in the BFSI, retail & commerce, IT & Telecom and healthcare sectors.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The subscription billing management market is highly fragmented. The industry has the presence of a large number of industry participants focused on providing fully scalable, flexible offerings. Some prominent players in the global market include:

• Aria Systems Inc.
• LogiSense Corporation
• Conga
• Recurly Inc.
• Oracle Corporation
• Sage Intacct
• Digital River
• NetSuite
• BillingPlatform
• 2Checkout
• Salesforce
• FastSpring
• Fusebill
• Zuora
• SAP SE
• Cleverbridge AG
• Gotransverse
• SaaSOptics
• Zoho
• JustOn
• Chargebee.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2266/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

• The market growth is primarily fueled by the rising adoption of cloud-based services that enables businesses to effectively cater to the changing demands of the industry.

• The rising trend of bringing your device and innovative solutions across developed nations such as Germany, Canada and the US has led to an increase in the digitization of subscription techniques across various sectors, impacting the industry sales favorably.

𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐁𝐢𝐥𝐥𝐢𝐧𝐠 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Software segment accounted for largest market share, owing to high penetration of this software to work effectively with several accounting tools.

• On-premise segment is projected to grow at a high CAGR during the anticipated period, which is mainly driven by increasing prevalence towards its ability to provide improved flexibility in business operations

• Large enterprise segment led the industry with majority market share, on account on rising investments of large organizations to integrate innovative subscription billing solution into their processes.

• BFSI segment held the considerable market share, mainly due to widespread adoption of several innovative technologies like artificial intelligence and blockchain.

• North America region dominated the global market, which is highly attributable to wide utilization of these solution among both large and small businesses for providing enhanced service to their customers.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/subscription-billing-management-market

𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐡𝐚𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐛𝐢𝐥𝐥𝐢𝐧𝐠 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, 𝐝𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭, 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐬𝐢𝐳𝐞, 𝐚𝐧𝐝 𝐞𝐧𝐝-𝐮𝐬𝐞:

Subscription Billing Management, Component Outlook (Revenue - USD Billion, 2019 - 2032)
• Software
• Services

Subscription Billing Management, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

• Cloud
• On-premise

Subscription Billing Management, Enterprise Size Outlook (Revenue - USD Billion, 2019 - 2032)

• Large Enterprises
• Small & Medium Enterprise

Subscription Billing Management, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• BFSI
• Retail & E-Commerce
• IT & Telecom
• Media & Entertainment
• Healthcare
• Others

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

U.S. AI Training Dataset Market: https://www.polarismarketresearch.com/industry-analysis/us-ai-training-dataset-market

Alternative Data Market: https://www.polarismarketresearch.com/industry-analysis/alternative-data-market

U.S. Sports Betting Market: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.